grey market

Sales of High-End Smartphones In Grey Market in India Causing A Loss Of Rs 2,500 Cr. Every Year!

The sales of high-end mobile phones in the grey market have been causing an estimated loss of Rs. 2500 crore each year, as claimed by India Cellular & Electronics Association (ICEA). At present, a basic customs duty of 20%...

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Future Retail Can’t Sell Its Assets To Reliance Retail: Singapore Tribunal

In a double victory for Amazon, the Singapore International Arbitration Centre (SIAC) has denied Future Retail's appeal to lift the temporary suspension...